The following information is from Bluff Run Golf Courses. The company runs three courses and the July income statement for each course is shown. BLUFF RUN GOLF COURSE Income Statement Month Ending July 31, 2018 blue course black course gold course revenue greens fee revenue $62,500 $89,000 $42,800 outing revenue 11,000 6,000 28,000 total revenue 73,500 95,000 70,800 expenses landscaping $7,800 $14,200 $6,400 wages 43,900 56,300 32,600 repair and maint. 5,600 2,600 4,400 fuel 3,100 3,00 1,980 utilities 1,800 3,000 1,650 total expenses $62,200 $79,100 $47,030 operating income $11,300 $15,900 $23,770 Required: Find the missing value for outings revenue, wages, and operating income Comment on the financial performance of each course. Identify a limitation of analyzing the information provided.
The following information is from Bluff Run Golf Courses. The company runs three courses and the July income statement for each course is shown. BLUFF RUN GOLF COURSE Income Statement Month Ending July 31, 2018 blue course black course gold course revenue greens fee revenue $62,500 $89,000 $42,800 outing revenue 11,000 6,000 28,000 total revenue 73,500 95,000 70,800 expenses landscaping $7,800 $14,200 $6,400 wages 43,900 56,300 32,600 repair and maint. 5,600 2,600 4,400 fuel 3,100 3,00 1,980 utilities 1,800 3,000 1,650 total expenses $62,200 $79,100 $47,030 operating income $11,300 $15,900 $23,770 Required: Find the missing value for outings revenue, wages, and operating income Comment on the financial performance of each course. Identify a limitation of analyzing the information provided.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following information is from Bluff Run Golf Courses. The company runs three courses and the July income statement for each course is shown.
BLUFF RUN GOLF COURSE
Income Statement
Month Ending July 31, 2018
| blue course | black course | gold course | |
| revenue | |||
| greens fee revenue | $62,500 | $89,000 | $42,800 |
| outing revenue | 11,000 | 6,000 | 28,000 |
| total revenue | 73,500 | 95,000 | 70,800 |
| expenses | |||
| landscaping | $7,800 | $14,200 | $6,400 |
| wages | 43,900 | 56,300 | 32,600 |
| repair and maint. | 5,600 | 2,600 | 4,400 |
| fuel | 3,100 | 3,00 | 1,980 |
| utilities | 1,800 | 3,000 | 1,650 |
| total expenses | $62,200 | $79,100 | $47,030 |
| operating income | $11,300 | $15,900 |
$23,770
|
Required:
Find the missing value for outings revenue, wages, and operating income
Comment on the financial performance of each course.
Identify a limitation of analyzing the information provided.
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